Wednesday, February 10, 2010
Preparing to change course
Bernanke lays out vision for Fed monetary exit
"Fed Chairman Ben Bernanke detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so". "The Fed will also return its vast array of emergency lending measures to pre-crisis norms, including raising the discount rate and shortening the duration of loans at its emergency lending window, Bernanke said".
Posted by alan @ 07:59 PM (673 views)
3 thoughts on “Preparing to change course”
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hpwatcher says:
He has said – if I remember the quote correctly – interest rates will remain low for a long time – some exit.
I don’t think this guy has an exit strategy, but check this:-
Does Bernanke Have an Exit Strategy?
http://www.youtube.com/watch?v=dZf3Qye0BtQ&feature=related
freemanphil says:
Like the alcoholic, Bernanke will reform at some undisclosed point in the future. But, he is currently drunk on liquidity. Lets see what he says when he is sober or hung over?
freemanphil says:
Hicup. Cripes, bad headache this morning, oh, what is that bottle of queasing? 10,000%? That’ll do the job.